Putnam Hartford Capital Manager

Putnam Capital Opportunities Subaccount

The subaccount seeks long-term growth of capital.

Fund description

The subaccount invests primarily in small and midsize companies, seeking hidden opportunities in stocks with growth potential that has been relatively unnoticed by investors. The portfolio can own growth and value stocks without a bias toward either style.

Sales story

Seeking opportunities in small and midsize companiesSmaller companies: Often overlooked by Wall Street analysts, the stocks of smaller companies can represent attractive opportunities to firms with strong research capabilities.A flexible strategy: The fund can own growth- or value-style stocks, allowing it to seek opportunities regardless of which style is in favor.Differentiated research: The portfolio managers select stocks in a collaborative effort that emphasizes non-consensus critical thinking.

Management team

Lipper ranking ‡ as of 01/31/18

Category: Small-Cap Core Funds

  Percentile ranking Rank/Funds in category
10 yrs. 75% 83/111
1 yr. 97% 147/152
3 yrs. 98% 143/145
5 yrs. 97% 134/138

The subaccount invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. Variable annuities are long-term investments designed for retirement purposes. Withdrawals prior to age 59 1/2 may be subject to a 10% IRS penalty.

‡ Lipper is an industry research firm whose rankings are based on total return performance, vary over time, and do not reflect the effects of sales charges. Past performance is not indicative of future results.

Quick facts as of 01/31/18

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 111
Turnover (fiscal year end) 124%
Net Assets $29M
Inception Date 05/01/03

Holdings

Top 10 holdings as of 01/31/18

Summit Materials 2.86%
Dxc Technology 2.16%
Brunswick Corp/De 2.13%
Orion Engineered Carbons 2.12%
Logmein 2.07%
Radian Group 2.07%
Everbridge 2.01%
Godaddy 1.96%
Oshkosh Corp 1.89%
Hamilton Lane 1.86%
Top 10 holdings, total: 21.13%

Equity Holdings as of 12/31/17

SUMMIT MATERIALS INC -CL A 2.91%
RADIAN GROUP INC 2.26%
DXC TECHNOLOGY CO 2.14%
BRUNSWICK CORP 2.12%
LOGMEIN INC 1.95%
EVERBRIDGE INC 1.92%
GODADDY INC - CLASS A 1.85%
HAMILTON LANE INC-CLASS A 1.83%
OSHKOSH CORP 1.79%
GAMING AND LEISURE PROPERTIE 1.74%
EASTERLY GOVERNMENT PROPERTI 1.72%
JELD-WEN HOLDING INC 1.71%
BURLINGTON STORES INC 1.69%
ORION ENGINEERED CARBONS SA 1.64%
INSTRUCTURE INC 1.63%
OWENS CORNING 1.60%
ALCOA CORP 1.50%
INVESTMENT TECHNOLOGY GROUP 1.44%
QAD INC-A 1.44%
L3 TECHNOLOGIES INC 1.41%
COLONY NORTHSTAR INC-CLASS A 1.39%
RPC GROUP PLC 1.39%
SBA COMMUNICATIONS CORP 1.38%
CLOVIS ONCOLOGY INC 1.37%
WYNDHAM WORLDWIDE CORP 1.35%
PEOPLES BANCORP INC 1.33%
W.R. GRACE & CO 1.32%
BALL CORP 1.31%
EAST WEST BANCORP INC 1.30%
SIMPLY GOOD FOODS CO/THE 1.24%
WP CAREY INC 1.24%
ELLIE MAE INC 1.20%
CAVIUM INC 1.17%
GRAPHIC PACKAGING HOLDING CO 1.17%
UMPQUA HOLDINGS CORP 1.15%
MEDICINES COMPANY 1.13%
MIRATI THERAPEUTICS INC 1.10%
EMPLOYERS HOLDINGS INC 1.09%
SERVICE CORP INTERNATIONAL 1.08%
GTT COMMUNICATIONS INC 1.06%
JAZZ PHARMACEUTICALS PLC 1.06%
VALMONT INDUSTRIES 1.05%
MALIBU BOATS INC - A 1.01%
DAVE & BUSTER'S ENTERTAINMEN 0.95%
ONE GAS INC 0.92%
SMITH (A.O.) CORP 0.90%
CSRA INC 0.87%
RIGHTMOVE PLC 0.87%
ACLARIS THERAPEUTICS INC 0.85%
GOODYEAR TIRE & RUBBER CO 0.85%
SIGNET JEWELERS LTD 0.83%
ASSURED GUARANTY LTD 0.79%
KION GROUP AG 0.76%
EPLUS INC 0.75%
J. JILL INC 0.73%
LIVE NATION ENTERTAINMENT IN 0.73%
PACIRA PHARMACEUTICALS INC 0.73%
BROOKS AUTOMATION INC 0.71%
FIRST REPUBLIC BANK/CA 0.69%
ENCANA CORP 0.67%
PARSLEY ENERGY INC-CLASS A 0.67%
ST JAMES'S PLACE PLC 0.66%
ARRAY BIOPHARMA INC 0.65%
SEVEN GENERATIONS ENERGY - A 0.65%
PENUMBRA INC 0.63%
BIO-RAD LABORATORIES-A 0.62%
OLD NATIONAL BANCORP 0.62%
DISCOVERY COMMUNICATIONS-A 0.61%
SANDERSON FARMS INC 0.61%
QORVO INC 0.60%
PATTERSON-UTI ENERGY INC 0.59%
TEXAS CAPITAL BANCSHARES INC 0.56%
OGE ENERGY CORP 0.55%
PARTY CITY HOLDCO INC 0.54%
ALLETE INC 0.53%
BIOVERATIV INC 0.53%
PACWEST BANCORP 0.52%
WPX ENERGY INC 0.50%
NUVISTA ENERGY LTD 0.48%
PJT PARTNERS INC - A 0.47%
POPULAR INC 0.47%
AT HOME GROUP INC 0.45%
EVERCORE INC - A 0.45%
BIOSCRIP INC 0.44%
EDGEWELL PERSONAL CARE CO 0.43%
NEKTAR THERAPEUTICS 0.43%
TARGA RESOURCES CORP 0.40%
BANDWIDTH INC-CLASS A 0.38%
SELECT ENERGY SERVICES INC-A 0.36%
CYMABAY THERAPEUTICS INC 0.35%
H AND E EQUIPMENT SERVICES INC 0.34%
HANNON ARMSTRONG SUSTAINABLE 0.34%
JOHN BEAN TECHNOLOGIES CORP 0.33%
AGIOS PHARMACEUTICALS INC 0.31%
NRG ENERGY INC 0.29%
CALIFORNIA WATER SERVICE GRP 0.26%
GENMARK DIAGNOSTICS INC 0.25%
HAWAIIAN ELECTRIC INDS 0.24%
AVEXIS INC 0.23%
IDACORP INC 0.23%
MYOKARDIA INC 0.22%
PROTO LABS INC 0.22%
CALLAWAY GOLF COMPANY 0.20%
HOLLYFRONTIER CORP 0.19%
OCEANEERING INTL INC 0.14%
SAILPOINT TECHNOLOGIES HOLDI 0.02%
SENDGRID INC 0.02%

Full Portfolio Holdings as of 12/31/17

SUMMIT MATERIALS INC -CL A 2.91%
RADIAN GROUP INC 2.26%
DXC TECHNOLOGY CO 2.14%
BRUNSWICK CORP 2.12%
LOGMEIN INC 1.95%
EVERBRIDGE INC 1.92%
GODADDY INC - CLASS A 1.85%
HAMILTON LANE INC-CLASS A 1.83%
OSHKOSH CORP 1.79%
GAMING AND LEISURE PROPERTIE 1.74%
EASTERLY GOVERNMENT PROPERTI 1.72%
JELD-WEN HOLDING INC 1.71%
BURLINGTON STORES INC 1.69%
ORION ENGINEERED CARBONS SA 1.64%
INSTRUCTURE INC 1.63%
OWENS CORNING 1.60%
ALCOA CORP 1.50%
INVESTMENT TECHNOLOGY GROUP 1.44%
QAD INC-A 1.44%
L3 TECHNOLOGIES INC 1.41%
COLONY NORTHSTAR INC-CLASS A 1.39%
RPC GROUP PLC 1.39%
SBA COMMUNICATIONS CORP 1.38%
CLOVIS ONCOLOGY INC 1.37%
WYNDHAM WORLDWIDE CORP 1.35%
PEOPLES BANCORP INC 1.33%
W.R. GRACE & CO 1.32%
BALL CORP 1.31%
EAST WEST BANCORP INC 1.30%
SIMPLY GOOD FOODS CO/THE 1.24%
WP CAREY INC 1.24%
ELLIE MAE INC 1.20%
CAVIUM INC 1.17%
GRAPHIC PACKAGING HOLDING CO 1.17%
UMPQUA HOLDINGS CORP 1.15%
MEDICINES COMPANY 1.13%
MIRATI THERAPEUTICS INC 1.10%
EMPLOYERS HOLDINGS INC 1.09%
SERVICE CORP INTERNATIONAL 1.08%
GTT COMMUNICATIONS INC 1.06%
JAZZ PHARMACEUTICALS PLC 1.06%
VALMONT INDUSTRIES 1.05%
MALIBU BOATS INC - A 1.01%
DAVE & BUSTER'S ENTERTAINMEN 0.95%
ONE GAS INC 0.92%
SMITH (A.O.) CORP 0.90%
CSRA INC 0.87%
RIGHTMOVE PLC 0.87%
ACLARIS THERAPEUTICS INC 0.85%
GOODYEAR TIRE & RUBBER CO 0.85%
SIGNET JEWELERS LTD 0.83%
ASSURED GUARANTY LTD 0.79%
KION GROUP AG 0.76%
EPLUS INC 0.75%
J. JILL INC 0.73%
LIVE NATION ENTERTAINMENT IN 0.73%
PACIRA PHARMACEUTICALS INC 0.73%
BROOKS AUTOMATION INC 0.71%
FIRST REPUBLIC BANK/CA 0.69%
ENCANA CORP 0.67%
PARSLEY ENERGY INC-CLASS A 0.67%
ST JAMES'S PLACE PLC 0.66%
ARRAY BIOPHARMA INC 0.65%
SEVEN GENERATIONS ENERGY - A 0.65%
PENUMBRA INC 0.63%
BIO-RAD LABORATORIES-A 0.62%
OLD NATIONAL BANCORP 0.62%
DISCOVERY COMMUNICATIONS-A 0.61%
SANDERSON FARMS INC 0.61%
QORVO INC 0.60%
PATTERSON-UTI ENERGY INC 0.59%
TEXAS CAPITAL BANCSHARES INC 0.56%
OGE ENERGY CORP 0.55%
PARTY CITY HOLDCO INC 0.54%
ALLETE INC 0.53%
BIOVERATIV INC 0.53%
PACWEST BANCORP 0.52%
WPX ENERGY INC 0.50%
NUVISTA ENERGY LTD 0.48%
PJT PARTNERS INC - A 0.47%
POPULAR INC 0.47%
AT HOME GROUP INC 0.45%
EVERCORE INC - A 0.45%
BIOSCRIP INC 0.44%
EDGEWELL PERSONAL CARE CO 0.43%
NEKTAR THERAPEUTICS 0.43%
TARGA RESOURCES CORP 0.40%
BANDWIDTH INC-CLASS A 0.38%
SELECT ENERGY SERVICES INC-A 0.36%
CYMABAY THERAPEUTICS INC 0.35%
H AND E EQUIPMENT SERVICES INC 0.34%
HANNON ARMSTRONG SUSTAINABLE 0.34%
JOHN BEAN TECHNOLOGIES CORP 0.33%
AGIOS PHARMACEUTICALS INC 0.31%
NRG ENERGY INC 0.29%
CALIFORNIA WATER SERVICE GRP 0.26%
GENMARK DIAGNOSTICS INC 0.25%
HAWAIIAN ELECTRIC INDS 0.24%
AVEXIS INC 0.23%
IDACORP INC 0.23%
MYOKARDIA INC 0.22%
PROTO LABS INC 0.22%
CALLAWAY GOLF COMPANY 0.20%
HOLLYFRONTIER CORP 0.19%
OCEANEERING INTL INC 0.14%
SAILPOINT TECHNOLOGIES HOLDI 0.02%
SENDGRID INC 0.02%
EMIN RUSSELL 2000 MAR18 RTYH8 0.00%

Prior top 10 holdings

Top 10 holdings as of 01/31/18
1: Summit Materials 2.86%
2: Dxc Technology 2.16%
3: Brunswick Corp/De 2.13%
4: Orion Engineered Carbons 2.12%
5: Logmein 2.07%
6: Radian Group 2.07%
7: Everbridge 2.01%
8: Godaddy 1.96%
9: Oshkosh Corp 1.89%
10: Hamilton Lane 1.86%
Holdings represent 21.13% of portfolio
Top 10 holdings as of 12/31/17
1: Summit Materials 2.91%
2: Radian Group 2.26%
3: Dxc Technology 2.14%
4: Brunswick Corp/De 2.12%
5: Logmein 1.95%
6: Everbridge 1.92%
7: Godaddy 1.85%
8: Hamilton Lane 1.83%
9: Oshkosh Corp 1.79%
10: Gaming And Leisure Properties 1.74%
Holdings represent 20.51% of portfolio
Top 10 holdings as of 11/30/17
1: Summit Materials 2.81%
2: Hamilton Lane 2.38%
3: Radian Group 2.24%
4: Dxc Technology 2.17%
5: Brunswick Corp/De 2.12%
6: Logmein 2.03%
7: Owens Corning 1.91%
8: Godaddy 1.79%
9: Everbridge 1.71%
10: Gaming And Leisure Properties 1.71%
Holdings represent 20.87% of portfolio
Top 10 holdings as of 10/31/17
1: Summit Materials 2.88%
2: Radian Group 2.31%
3: Dxc Technology 2.12%
4: Brunswick Corp/De 1.95%
5: Owens Corning 1.86%
6: Gaming And Leisure Properties 1.73%
7: Hamilton Lane 1.68%
8: Easterly Government Properties 1.63%
9: Oshkosh Corp 1.61%
10: Instructure 1.60%
Holdings represent 19.37% of portfolio

Portfolio Composition as of 01/31/18

Common stock 99.20%
Cash and net other assets 0.80%

Portfolio characteristics will vary over time. The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.

The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. Variable annuities are long-term investments designed for retirement purposes. Withdrawals prior to age 59 1/2 may be subject to a 10% IRS penalty. Growth investing targets companies with above-average earnings that may be subject to price volatility if earnings expectations are not met.

Top Industry Sectors as of 01/31/18

Information technology 18.37%
Financials 15.71%
Consumer discretionary 13.66%
Health care 12.82%
Materials 11.44%
Industrials 10.63%
Real estate 6.87%
Energy 4.26%
Utilities 3.08%
 
Other
3.16%
Consumer staples 2.36%
Cash and net other assets 0.80%